Benefits incidence in 5th quintile (richest) (%) - All Private in Panama

Panama: Benefits incidence in 5th quintile (richest) (%) - All Private was 32.8% in 2023. ▲ Rising

Latest (2023)
32.8%
Change on year
down 21.7%
World rank
26th
of 36 countries
All-time high
47.8%
in 2015
All-time low
15.9%
in 2013
Years of data
14
2008–2023

Benefits incidence in 5th quintile (richest) (%) - All Private in Panama, 2008–2023

203040502008201520232008: 46.32009: 30.32010: 26.42011: 33.82012: 21.62013: 15.92014: 20.22015: 47.82016: 47.32017: 42.52018: 40.92019: 41.82021: 41.92023: 32.8

Source: ASPIRE.

Analysis

The most recent figure for benefits incidence in 5th quintile (richest) (%) - all private in Panama is 32.8%, measured in 2023.

That represents a change of down 21.7% on the previous year and up 106.3% over ten years.

Over the whole period, benefits incidence in 5th quintile (richest) (%) - all private in Panama peaked at 47.8% in 2015 and was at its lowest, 15.9%, in 2013.

That places Panama 26th out of 36 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 14 years of available data.

Benefits incidence in 5th quintile (richest) (%) - All Private in Panama, year by year

Annual values for Benefits incidence in 5th quintile (richest) (%) - All Private Transfers in Panama, 2008 to 2023.
Year Value Change
2008 46.3%
2009 30.3% -34.7%
2010 26.4% -12.7%
2011 33.8% +27.8%
2012 21.6% -36.2%
2013 15.9% -26.2%
2014 20.2% +26.9%
2015 47.8% +136.7%
2016 47.3% -0.9%
2017 42.5% -10.1%
2018 40.9% -3.8%
2019 41.8% +2.2%
2021 41.9% +0.2%
2023 32.8% -21.7%

Averages by decade

DecadeAverage LowestHighest Years
2000s 38.3% 30.3% 46.3% 2
2010s 33.8% 15.9% 47.8% 10
2020s 37.3% 32.8% 41.9% 2

Countries ranked near Panama

  1. 23 El Salvador 34.3% compare
  2. 24 Republic of Moldova 34.3% compare
  3. 25 Argentina 33.7% compare
  4. 27 Viet Nam 32.8% compare
  5. 28 Ecuador 32.4% compare
  6. 29 Dominican Republic 32.2% compare

See the full ranking of 36 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is benefits incidence in 5th quintile (richest) (%) - all private in Panama?
Benefits incidence in 5th quintile (richest) (%) - all private in Panama was 32.8% in 2023, according to ASPIRE.
What is the highest benefits incidence in 5th quintile (richest) (%) - all private recorded in Panama?
The highest recorded value was 47.8% in 2015.
What is the lowest benefits incidence in 5th quintile (richest) (%) - all private recorded in Panama?
The lowest recorded value was 15.9% in 2013.
How does Panama rank for benefits incidence in 5th quintile (richest) (%) - all private?
Panama ranks 26th out of 36 countries with data for 2023.
Is benefits incidence in 5th quintile (richest) (%) - all private rising or falling in Panama?
Over the last ten years it is up 106.3%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from ASPIRE, published as part of Benefits incidence in 5th quintile (richest) (%) - All Private Transfers. Statizoid updates them automatically from the source API.

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Benefits incidence in 5th quintile (richest) (%) - All Private in Panama. Statizoid, drawing on ASPIRE. Retrieved 26 August 2026, from https://reference.statizoid.com/stat/benefits-incidence-in-5th-quintile-richest-percent-all-private-transfers/panama/

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About this data

Indicator
Benefits incidence in 5th quintile (richest) (%) - All Private Transfers
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
36 places, 351 data points, 2002–2023
Last refreshed

Percentage of benefits going to the richestquintile relative to the total benefits going to the population